Japanese lawmaker: Regulator failed to inform consumers about potential risks of FTT, calls for separate review of trading platforms and tokens

BlockBeats news, December 14, according to the Japan Times, Japanese lawmakers are urging clarity on cryptocurrency regulation, Saying that the regulator, the Japan Virtual and Crypto Asset Trading Association (also known as JVCEA), failed to tell consumers about potential red flags about FTX native tokens when it approved the local listing of FTT this year and only approved it "conditionally", That led FTX's Japanese unit to add FTT to its product in February after it was licensed. JCVEA declined to comment. In addition, Akihisa Shiozaki, a lawmaker from the Liberal Democratic Party of Japan, said that Japan should not relax its cryptocurrency listing rules, and that exchange and Token reviews should be conducted separately.